The stock of Imperial Metals Corp (TSE:III) hit a new 52-week low and has $4.54 target or 11.00% below today’s $5.10 share price. The 9 months bearish chart indicates high risk for the $394.11M company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $4.54 price target is reached, the company will be worth $43.35 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 186,384 shares traded hands or 440.01% up from the average. Imperial Metals Corp (TSE:III) has risen 46.62% since April 8, 2016 and is uptrending. It has outperformed by 41.63% the S&P500.
Imperial Metals Corp (TSE:III) Ratings Coverage
Out of 4 analysts covering Imperial Metals Corporation (TSE:III), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Imperial Metals Corporation has been the topic of 11 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, July 22. The firm has “Sector Perform” rating given on Wednesday, December 9 by RBC Capital Markets.
Another recent and important Imperial Metals Corp (TSE:III) news was published by Business.Financialpost.com which published an article titled: “Murray Edwards helps bail out Imperial Metals Corp with $30 million loan” on May 19, 2015.
Imperial Metals Corporation is engaged in the exploration and development of base and precious metals from its properties. The company has a market cap of $394.11 million. The Company’s properties include Red Chris copper/gold mine in northwest British Columbia; Mount Polley copper/gold mine in central British Columbia, and Huckleberry copper mine in northern British Columbia. It currently has negative earnings. It operates through five divisions: Mount Polley, Red Chris, Sterling, Huckleberry, and Corporate, which includes all other properties, and related exploration and development activities.
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